The Columbus journal., 1887-07-27
A BANK ACCOUNT.

. A BANK ACCOUNT.
USEFUL HINTS TO PEOPLE WHO
KEEP MONEY ON DEPOSIT.
How 20 Guard Against Fraud or Mistake
In Business Transactions-Check Book
and stubs-writins Up tho Bank Book.
Checks Is Receipts.
The custom Of the banks, when it Is decided
20 omen an account with o customer, Is to re
ouire the customer to write his name IN q
book, kept for that purpose, at the time tho
account is opened. The obvious reason Is TO
guard against fraud or mistake in all subse-
0uent transactions in which the has to
determine the commences of the customers
~sienature. If the genuineness Of q check pre-
sented for payment to the paying teller Is
pected, the signature may be compared at
once with that recorded with the bank, as has
been stated, and thus its validity be deter
mined.
In opening an account with q bank the Gus
toner Is furnished by the bank with q book
In which ID entered on the left hand, or credit.
mage the amount deposited by him. All sub
seQuent deposits arc entered in the book, with
the date, respectively, OF each deposit At
The time of opening an account the bank will,
generally, furnish the Customer with . check
boob containing twenty-five or more checks,
and for this no charge Is made. Persons WISH
ina 70 have nicely engraved checks q get
them, but q charge Is usual In such cases,
though the amount will not exoesd seventy
I've cents for q book of q ike number Of
checks. At the same time the bank viii also
furnish to the customer q sufficient number OF
stickets," which are small pieces Of paper
containing at the bead q blank for the per-
sons name to be inserted, also a blank for the
date, and below the words checks" and
scash." Whenever q deposit Is made the de-
positor Glls up q ticket, giving bis name and
the words Scheck" and cash" the amount OF
each, respectively, deposited. These tickets
should always accompany the bank book
vhn Q deposit b made. They are kept on
dc BY the bank, and serve a. vouchers tor
both The bank and the depositor, from which
ths accuracy Of tho account may b deter
mined, II the question should arise ct any
time q 70 the amount. the time and tho ma
ture Of any deposit
Amonsut's examination Of tho check book
Win ssrve to show the depositor the method
OF drawing Q check It will b observed,
dr14 that every check b numbered IN It's
order, generally upon the upper lett hand
corner. Again, the place to tear of . check
= indicated by the perforated line. When
torn Of at this line the part remaining tn the
book is called the STUB"
A check Is merely an order on . bank to
pay the person named in the check q certain
sum OF money. It viii be obvious to any one
who Is about to draw his check that it should
be dated, and the name Of the payee, or per-
son in whose favor it is drawn, should be In
serted in the body Of the check; that the
amount to be paid should be written In, and
also indicated by figures after the dollar sign,
and that the check should b signed by the
drawer at the place indicated Acheck should
always be drawn with great care and &C
curacy.
The stubs, to which reference has been
made, are an important part OF a check book,
q they contain q complete record, II properly
kept, Of all transactions with the bank. They
are transcripts Of all checks drawn from time
to time, and show the numbers, amounts, tho
dates and the names of the pages, respectively.
In drawing checks filling up the stubs should
never be omitted. II is not only important
for the reasons stated, but is vastly important
in determining the state of the account. By
adding together the several amount found in
the stubs it is obvious that the amount drawn
from the bank may be readily determined.
This amount deducted from the amount de-
posted, which will appear in the bank book,
viii show the amount standing to the credit
OF the depositor. A gentleman, for the sake
OF convenience, once took out OF his check
book q number of blank checks, which he
carried in his pocket, in order that he might
use them ct any time. He used them all, but
neglected to keep an account of them, O. he
would have done had he had the stubs before
him, when, to his dismay, he was one day
notified by the bank that his account was
o~verdrawn. Small checks. like small and
frequent accounts at q store, a terrible
inroads upon ones bank account, and il Is
well to watch them closely.
A bank book should be regularly and fire.
quently written up" particularly when
checks have been frequently drawn. This is
lone at the bank by a bookkeeper, who enters
in tie bank book the amount shown by the
customers account to have been paid from
time to time. These amounts are compared
with the checks drawn to insure accuracy.
When thus transcribed into the customers
book. the amount is found and subtracted
from the amoun deposited, and the balance
carried to q new account The checks are
returned to the customer with his book when
il is written up, snd arc the customer
vouchers. He may compare them with the
stubs In his check book and detsEmins
whsther they correspond In amount and are
correct. Il is well TO keep these checksL In
many cases they serve as receipts for blk
paid. They are receipts. A cheek b given,
for instance, to the dressmaker for her bill
fl payable to her order. Before she can
get the money upon 1t she must indorse it;
that il, write her name across the back.
When returned by the bank TO the drawer
with such indorsement it shows that the
check has been presented by her and paid;
and it then becomes q receipt, or what Is
equivalent to one.-Demorests Monthly.